At this point (June 2008) much of this information is outdated at best. Zero Down Home Loans are still available and, in fact, better than ever.
Using a 501c3 charitable org. like the Nehemiah corp. allows you to receive a (HUD compliant) gift and get 100% financing AND all closing costs covered. Rates are in the low 6's and can even be bought down.
For more info go to www.zerodownwebsite.com
Rob Kosberg
Mortgage Planner
561.315.1222
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